SBA 7(a) Loans
The most popular SBA loan program offering up to $5 million for working capital, equipment financing, real estate, and business acquisition with government guarantees.
What is an SBA 7(a) Loan?
The SBA 7(a) loan program is the Small Business Administration's primary loan program, designed to help small businesses access capital when they might not qualify for traditional bank financing.
With government guarantees of up to 85% for loans under $150,000 and 75% for larger loans, SBA 7(a) loans offer competitive rates and longer terms than conventional business loans.
Key Features
What Can You Use SBA 7(a) Loans For?
Working Capital
Finance day-to-day operations, inventory purchases, and cash flow needs
Real Estate
Purchase or refinance commercial real estate for your business
Equipment
Finance machinery, vehicles, technology, and other business equipment
Business Acquisition
Purchase an existing business or buy out a partner
Construction
Build or renovate commercial facilities and buildings
Business Expansion
Fund growth initiatives, new locations, and market expansion
Eligibility Requirements
Business Size
Must meet SBA size standards for your industry
Credit Score
Generally 680+ for most lenders
Time in Business
Typically 2+ years of operating history
Collateral
May be required for larger loan amounts
SBA 7(a) Loan Requirements
While SBA 7(a) loans are more accessible than traditional bank loans, there are still specific requirements that businesses must meet to qualify.
The SBA guarantees a portion of the loan, which reduces the risk for lenders and allows them to offer more favorable terms to small businesses that might not otherwise qualify for conventional financing.
Ready to Apply for an SBA 7(a) Loan?
Connect with SBA-approved lenders and get the financing your business needs to grow.